Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
MIRAE ASSET HANG SENG 2X IOPV (PACF:7231.IV)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for 7231.IV
The long term trend has been DOWN since Nov 12th, 2017 at 195653
The intermediate term trend has been DOWN since Jun 18th, 2018 at 120185
The short term trend has been DOWN since Jul 10th, 2018 at 108372
Smart Scan Analysis for 7231.IV
Based on a pre-defined weighted trend formula for chart analysis, 7231.IV scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||232389||52wk High Date||2017-11-10|
|52wk Low||105034||52wk Low Date||2018-07-05|